Tract 3

Part of the Northeast Quarter of the Northeast Quarter of Section 20 and part of the Northwest Quarter of Section 21, Township 12 North, Range 11 East, Osceola District, Mississippi County, Arkansas, being 37.45 acres, more or less, and more particularly described as follows:

Beginning at a 1/2-inch iron bar (w/cap) on the St. Francis Levee District right-of-way line 43.7 feet south of and perpendicular to the centerline of asphalt pavement of Arkansas Highway 198, said 1/2-inch iron bar (w/cap) being 2494.19 feet north and 622.18 feet west of a 2-inch iron pipe found and accepted as evidence of the southeast corner of the northeast quarter of said Section 20; thence run South 68°47’41” East a distance of 355.82 feet along said St. Francis Levee District right-of-way line to a point; thence run North 73°07’20” East a distance of 123.13 feet along said St. Francis Levee District right-of-way line to a point at its intersection with the southerly right-of-way line of said Arkansas Highway 198 and 40.00 feet south of and perpendicular to said Arkansas Highway 198 asphalt centerline; thence run northeasterly along a 1103.05 feet radius curve to the left (Chord Bearing=North 78°18’13” East & Chord Length=558.86’) a distance of 565.02 feet along said Arkansas Highway 198 southerly right-of-way line to a point; thence run North 63°37’45” East a distance of 119.37 feet along said Arkansas Highway 198 southerly right-of-way line to a 1/2-inch iron bar (w/cap) at its intersection with said St. Francis Levee District right-of-way line; thence run South 46°33’54” East a distance of 2032.92 feet along said St. Francis Levee District right-of-way line to a 1/2-inch iron bar (w/cap); thence run South 05°55’35” West a distance of 506.37 feet along said St. Francis Levee District right-of-way line to a point; thence run South 34°34’21” West a distance of 118.03 feet along said St. Francis Levee District right-of-way line to a point; thence run North 50°31’12” West a distance of 310.45 feet along said St. Francis Levee District right-of-way line to a point; thence run South 45°24’28” West a distance of 214.63 feet along said St. Francis Levee District right-of-way line to a point; thence run North 55°26’08” West a distance of 24.35 feet along said St. Francis Levee District right-of-way line to a point; thence run North 34°50’10” West a distance of 160.28 feet along said St. Francis Levee District right-of-way line to a point; thence run North 53°38’57” West a distance of 402.72 feet along said St. Francis Levee District right-of-way line to a point; thence run North 38°04’10” East a distance of 202.00 feet along said St. Francis Levee District right-of-way line to a ½-inch iron bar (w/cap); thence run North 52°01’06” West a distance of 1307.25 feet along said St. Francis Levee District right-of-way line to a point; thence run North 54°13’20” West a distance of 100.08 feet along said St. Francis Levee District right-of-way line to a point; thence run North 61°05’17” West a distance of 100.54 feet along said St. Francis Levee District right-of-way line to a point; thence run North 46°20’46” West a distance of 200.93 feet along said St. Francis Levee District right-of-way line to a point; thence run North 51°51’34” West a distance of 360.00 feet along said St. Francis Levee District right-of-way line to a point; thence run North 64°01’23” West a distance of 143.22 feet along said St. Francis Levee District right-of-way line to the Point of Beginning and containing 37.45 acres, more or less. Bearings are based on Arkansas State Plane Coordinate System (NAD83/North Zone) grid north as determined by GPS observations. The above description was written from and is hereby referenced to a plat of survey by Wages Surveying Company dated March 12, 2007.